About MHYTX
NYLI MacKay High Yield Corporate Bond Fund Class R3 is an open‑end mutual fund focused on below‑investment‑grade corporate credit. Its primary objective is to generate maximum current income, with capital appreciation as a secondary goal, by investing predominantly in a diversified portfolio of high‑yield corporate bonds across U.S. and international issuers. The strategy is managed by MacKay Shields, whose team employs bottom‑up fundamental credit research combined with a disciplined relative‑value framework and risk‑management processes to evaluate issuers, structure positions, and navigate credit cycles. The fund typically maintains broad sector exposure, reflecting the high‑yield market’s mix of cyclical industries such as energy, telecommunications, consumer discretionary, and industrials, while emphasizing credit selection as the main driver of returns. Within the high‑yield bond category, it is positioned for income generation with characteristics such as low to limited interest‑rate sensitivity and an intermediate effective duration profile, aligning the portfolio more closely with credit risk than rate risk. This share class is designed for retirement platforms, pairing institutional‑style research depth with diversified access to high‑yield corporate debt markets.
Fund Family New York Life Investment Management LLC
Category High Yield Bond
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MHYTX
Share Class Class R3
Index ICE BofA US High Yield Constrained TR
MHYTX had a total return of 5.46% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.32%.
